PM Morrison unveils drought package

Updated November 7 2019 - 4:02pm, first published 1:24pm
The government has unveiled a $1b strategy to help communities and farmers survive the drought.
The government has unveiled a $1b strategy to help communities and farmers survive the drought.

WHAT'S IN THE GOVERNMENT'S NEW DROUGHT PLAN?

* Small business drought loans up to $500,000 for for wages, equipment and to refinance.

* Farm drought loans which are interest free for the first two years, before being an interest only payment from years three to five. Repayments from years six to 10 are interest and principal.

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